Earlier today, the Swiss National Bank reported a record CHF50.1 bln loss. It has the chins wagging, but the real implications are minor. The losses are not realized and are unlikely to be repeated. In fact, if the SNB's report had covered the month of July, the loss would likely have been smaller.

<p>Earlier today, the Swiss National Bank reported a record CHF50.1 bln loss. It has the chins wagging, but the real implications are minor.&nbsp; The losses are not realized and are unlikely to be repeated.&nbsp; In fact, if the SNB&#39;s report had covered the month of July, the loss would likely have been smaller.</p>

Earlier today, the Swiss National Bank reported a record CHF50.1 bln loss. It has the chins wagging, but the real implications are minor. The losses are not realized and are unlikely to be repeated. In fact, if the SNB's report had covered the month of July, the loss would likely have been smaller.

]]>DailyFinance.com: Alamy
NEW YORK -- Hardly a day goes by that you don't get offers for new credit in your mailbox. And while the offers can be attractive, with great perks, low introductory rates and free balance transfers, that doesn't mean that you should jump at e... Read more]]>DailyFinance.com: Alamy
By Valerie Young
NEW YORK -- Tired of getting hit over the head with costly credit card fees?
You may find it tough to avoid them altogether -- a recent survey of 100 cards by Creditcards.com found only one with no fees at all and two cards ... Read more]]>

Ever since the 2008 financial crisis, the Federal Reserve Board has been trying to regulate big banks that pose huge systemic risk to the economy. The financial crisis highlighted the fact that big banks were taking more risks for which they were not prepared. Some banks were so big that if allowed to fail, they could have taken down the entire financial system with them.

<p>Ever since the 2008 financial crisis, the Federal Reserve Board has been trying to regulate big banks that pose huge systemic risk to the economy. The financial crisis highlighted the fact that big banks were taking more risks for which they were not prepared.&nbsp; Some banks were so big that if allowed to fail, they could have taken down the entire financial system with them. Hence bailing them out was one of the solutions to avoid the systemic risk.</p>

Ever since the 2008 financial crisis, the Federal Reserve Board has been trying to regulate big banks that pose huge systemic risk to the economy. The financial crisis highlighted the fact that big banks were taking more risks for which they were not prepared. Some banks were so big that if allowed to fail, they could have taken down the entire financial system with them.

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By Jeremy Greenfield
NEW YORK -- 850.
That was the number inexplicably printed on a letter Bank of America sent me along with a notice of approval for a new credit card I wanted. It's the highest score you can get on a metric that ban... Read more]]>Looks like once 10 states go bad the rest follow? Bank loan growth is not accelerating:

Prices are falling, and everyone is starting to freak out, writes Marek Fuchs.

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By Emma Miller
Life in plastic? Not always fantastic.
New research shows that credit card providers are going the way of airlines and slamming customers with more fees.
In an analysis of 100 U.S. credit cards, CreditCards.com found t... Read more]]>DailyFinance.com: Getty ImagesOnly paying the minimum due is going to come back to bite you.
By Lars Peterson
Consumer credit makes buying the stuff we want and need easy and convenient. Credit can also bail us out of a jam, especially if our emergency funds aren't ... Read more]]>DailyFinance.com: Getty Images
By Valerie Young
WASHINGTON -- Wells Fargo is fond of pointing out that buying a home is the biggest investment most Americans will make in their lifetimes. That may be one of the reasons that home mortgages are among Americans' bigges... Read more]]>Semiannual Monetary Policy Report to the Congress By Janet Yellen Looking forward, prospects are favorable for further improvement in the U.S. labor market and the economy more broadly. Low oil prices Still seems to leave out the fact that a dollar saved by the buyer of oil is a dollar lost by the seller. And […]

]]>DailyFinance.com: Alamy
Fees. Not only can they be unpleasant, sometimes they're sneaky. The financial industry is awash with fees that come in all shapes and sizes.
Many of them are well-known while a few are so covert that consumers get caught off guard when they ... Read more]]>DailyFinance.com: #fivemin-widget-blogsmith-image-360510{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-360510, #postcontentcontainer #fivemin-widget-blogsmith-image-360510{width:570px;display:block;}
By Jim Gold
You may have heard that many peop... Read more]]>Prior month revised lower and this month lower so Fed that much less likely to raise rates: Labor Market Conditions Index Highlights Growth in the nation’s labor market remains subdued with the labor market conditions index at plus 0.8 in June vs a revised plus 0.9 in May. The reading is barely over zero and […]

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By Elyssa Kirkham
Independence Day is always observed on July 4, and many workers will get this day off from work -- some will even get July 3 off as well. If you're one of the many Americans enjoying the holiday, you might want to run... Read more]]>DailyFinance.com: Getty ImagesWant to lower your APR or increase your credit card spending limit? All you have to do is ask.
By Matt Schulz
A simple phone call can potentially save you hundreds of dollars, improve your credit score, score you extra frequent flier mi... Read more]]>
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Crisis? What crisis?There's a big crisis in Greece.The country?Yes, Greece. You might have heard of it. It's a smallish country in the Mediterranean. It borders on Albania, Bulgaria, Macedonia, and Turkey. Also, it's the crad

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By Ari Cetron
Wounds of the Great Recession are slow to heal when it comes to confidence in the banking industry. Gallup recently released results of a phone survey that found that only 26 percent of Americans have "a great deal" or "q... Read more]]> Digital scarcity is an oxymoron. Unless it isn’t. Thanks to a recently funded startup called Ascribe, artists and writers can now create unique copies of their work that can be bought and sold and cannot, in theory, be duplicated. The founders, Bruce Pon, Trent McConaghy, and Masha McConaghy have experience in banking, hardware, and curation. Masha, a Ph.D. from the Sorbonne, curated at… Read More

]]>DailyFinance.com: J. Scott Applewhite/APSen. Elizabeth Warren, D-Mass.
Elizabeth Warren would like to change the way you bank.
The Massachusetts Senator and consumer advocate firebrand may not be running for president. But her backing of the U.S. Postal Service's pl... Read more]]>DailyFinance.com: Getty Images
Choosing a travel rewards credit card can be overwhelming. Every week, American consumers receive millions of pieces of direct mail from credit card issuers offering large sign-on bonuses and fast ways to travel for free. If you search ... Read more]]>So people transferred their deposits to other banks, and those other banks wouldn’t redeposit/lend those euro back to the Greek banks via the interbank market, at any rate of interest. So instead the lost deposits were replaced by what functionally are deposits from the ECB via what’s called the ELA. What’s wrong with that? Why […]

]]>DailyFinance.com: Getty Images
The dollar is so strong these days, especially against the euro, that it is spurring many Americans to chase their dreams of visiting the Eiffel Tower in Paris, riding a gondola through the canals of Venice or hiking the majestic Bavari... Read more]]> “You take the blue pill –- the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill -– you stay in Wonderland and I show you how deep the rabbit hole goes.” Morpheus and The Matrix introduced virtual reality (VR) to a mass audience, and the technology — once largely the domain of the entertainment industry — is… Read More

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By Karla Bowsher
Switching banks is easier than we think, according to a recent survey.
Conducted by Harris Poll for BancVue, the study of more than 1,000 U.S. adults found that 61 percent of those who have never switched banks believ... Read more]]>DailyFinance.com: Matt Rourke/AP
By JOYCE M. ROSENBERG
NEW YORK -- New credit and debit cards with computer chips are putting the squeeze on small businesses.
The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit... Read more]]>DailyFinance.com: Getty Images
By Tess Frame
It's not easy to keep track of where your money is going each month (though a budget is a great place to start). Still, if you want to regain any sort of financial freedom and start saving for future goals -- remember ret... Read more]]>

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]]> BitReserve, the currency conversion and transaction platform based on Bitcoin that was launched by CNet founder Halsey Minor, has created a platform for application programming interfaces (APIs) and has signed agreements with partners who are using the service. Read More

]]>DailyFinance.com: Getty ImagesPayments by check have fallen by more than 50 percent since 2000, according to the Federal Reserve.
By Paul Sisolak
Check writing has become a lost art. There used to be something official about writing a personal check that made even t... Read more]]>
The banking sectors, especially big banks like JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS) and Goldman Sachs ...]]>With a major regional bank fund hitting a 52-week high earlier this week, Piper Jaffray rolled out new coverage on nine of the ...]]>DailyFinance.com: Getty ImagesDon't get caught off guard by these fees and fines.
By Geoff Williams
It's almost impossible to get through life without running into the occasional unfair fee or fine – those you feel are unnecessary or excessive.
So what can you do?
... Read more]]>DailyFinance.com: Getty Images
Remember those funny green rectangles that you used to exchange for goods and services? Those dead Presidents are dying off.
The last refuge of cash is transactions between individuals, where credit and debit cards don't make any sense... Read more]]>DailyFinance.com: John Hanna/APKansas Gov. Sam Brownback
10 years ago, Harper's Magazine columnist and "What's the Matter With Kansas?" author Thomas Frank dropped a bombshell on his home state.
Blasting politicians from the Sunflower State for leaving their poor an... Read more]]>